My parents have been quite good at managing their investments, asset allocation, and now even use a discount brokerage with ETFs. But they don't really know what to do in preparation for retirement... can forum members offer any advice and first steps?
Issues: taxes and retirement benefits (including academic pension plans), optimization about positioning investments, maybe optimization regarding timing. The academic pensions alone add up to quite a bit.
They've dealt with many mutual fund salespeople, who I think are woefully unqualified to help then in "retirement planning". I think they need a bigger picture, somebody that can help develop a plan involving the pensions, tax efficiency, sustainable withdrawal rate, suitability of annuity for a portion of the plan, etc.
Actual technical steps, like buying index funds and ETFs, are things they already know how to do (or I can help them with). So I'm more concerned with big picture planning like tax effects, SWR, etc.
Thoughts? Are there people who provide this kind of advice, who aren't in the business of selling mutual funds and annuities?